Ireland ranks as one of the largest zinc producers in Europe and is host to some of the world’s largest zinc deposits. Over the last three years, Group Eleven Resources Corp. has assembled the largest zinc ground position in the country and its material projects (Ballinalack, Stonepark and Silvermines) are highly prospective for Irish Type zinc-lead mineralization. The Company’s shareholders include MAG Silver Corp. and Teck Resources Ltd. and its team is comprised of accomplished mining executives with direct experience finding mines, building companies and exploring Irish zinc deposits. The Company is positioned to leverage cutting-edge exploration techniques in a period of strong zinc market fundamentals.
The Company’s wholly owned subsidiary, Group Eleven Resources Limited (“GERL”), was formed in early 2015 to identify superior exploration opportunities in the Irish zinc district. Through 2015, 2016 and 2017, GERL (and its wholly operating subsidiary, Group Eleven Mining & Exploration Limited or “GEME”) successfully acquired licenses encompassing four key areas and established the Company (via GERL and GEME) as the largest ground position holder in Ireland. In June 2017, GERL acquired, from Teck Ireland Ltd. (“TIL”), a 60% interest in Ballinalack Resources Limited, the owner of the Ballinalack Project. In September 2017, GERL acquired, from TIL, a 76.6% interest in TILZ Minerals Limited, the owner of the Stonepark Project.